Housing costs in Monroe?
A typical home costs
$213,800, which is 36.8% less expensive than the national average of
$338,100 and 15.7% more expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Monroe costs
$910 per month, which is 9.0% cheaper than the national average of
$1,000 and 5.5% more than the state average of
$860.
Can I afford Monroe?
To live comfortably in Monroe (zip 71201), Louisiana, a minimum annual income of
$41,040 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Monroe?
The cost of living in Monroe, LA (zip code 71201) is relatively affordable compared to other areas. According to the Council for Community and Economic Research, the cost of living index for this area is 88.2, which is 12.8% lower than the US average. This means that groceries, utilities, transportation and housing are all more affordable in Monroe than in many other areas of the country. Furthermore, services such as healthcare and personal care items are also significantly cheaper when compared to national averages. All in all, 71201 offers a great value for those looking for an affordable place to live.